Remodeled Duplex with Detached
For Sale
$235,000
2112 53rd St, Kenosha, WI 53140
A well-maintained two-unit duplex with remodeled lower unit, newer roof, and a detached garage with alley access.
Property Size1,797 SF
Price / SF$130.77
Days on Market70
Property Features for 2112 53rd St
General Information
Standard status
Active
Size
1,797 SF
Property subtype
Residential Income
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
(224) 223-4219
Listed By:
Nichole Mueller
(224) 223-4219
Source:
Exprealty
Added: May 28
Changed: Jul 31
Last Checked: Jul 31 at 3:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This well-maintained duplex offers a straightforward two-unit setup with practical income upside for both owner-occupants and investors. The lower unit features two bedrooms and one full bath and has been completely remodeled with new appliances, new LVP flooring, fresh paint, and modern fixtures. The upper unit also includes two bedrooms and one full bath.
The property includes a brand new roof for added peace of mind. Parking is convenient with front parking, and there is also a 1.5-car detached garage accessed from the alley.
Located near shopping, dining, and public transportation, the duplex is positioned for consistent rental demand.
The property includes a brand new roof for added peace of mind. Parking is convenient with front parking, and there is also a 1.5-car detached garage accessed from the alley.
Located near shopping, dining, and public transportation, the duplex is positioned for consistent rental demand.
Key Highlights
- Lower unit remodeled with new appliances, new LVP flooring, fresh paint, and modern fixtures
- Two bedrooms and one full bath in both the lower and upper units
- Brand new roof
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.0k | $15.00 |
| − Vacancy | −$1.6k | −$0.90 |
| EGI | $25.3k | $14.10 |
| − OpEx | −$7.6k | −$4.23 |
| NOI | $17.7k | $9.87 |
1,797 SF · lease $15.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$253.4K
$221.7K – $295.6K
NOI $17,736 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$234.6K
$205.3K – $273.7K
NOI $16,423 @ 7.0% cap · market cap 6.99%
Theoretical Best
Warehouse
$2.09M
$1.83M – $2.44M
NOI $146,448 @ 7.0% cap · market cap 62.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
702
Businesses Nearby
Explore this area
Business Placement
Demographics for 53140, WI
30,571
Population
14,065
Households
2.2
Avg Household Size
36
Median Age
28%
College-Educated
90%
High-School Grad
7.9 sq mi
ZIP Area
3,870
Density / Sq Mi
$56,803
Median Household Income
$34,154
Median Earnings
$1,018
Median Rent
$191,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - A well-maintained two-unit duplex with remodeled lower unit, newer roof, and a detached garage with alley access.
Where is this duplex located?
The property is located at 2112 53rd St Kenosha, WI.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Lower unit remodeled with new appliances, new LVP flooring, fresh paint, and modern fixtures; Two bedrooms and one full bath in both the lower and upper units; Brand new roof
